ACE LIBERTY AND STONE PLC
(''Ace'' or "the Company'')
PROPERTY TRANSACTIONS AND ISSUE OF SHARES
Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the
The Company has exchanged contracts for the unconditional acquisition of Unit M, 9 Hunters Row,
Ace has also completed the sales of Bridge House, Dudley for
The Company has also issued 130,555 ordinary shares of 25p in settlement of Convertible Loan Note ("CLN") interest and fees as follows:
· 41,000 shares were issued at 90p and
· 89,555 shares were issued at 100p.
250,000 shares of 25p were also issued to LiBank s.a.l. at 80p by exercise of the option to convert
Following these allotments, the total number of issued shares and the total number of voting rights in the Company is 58,846,850. The total issued share capital is now
The above figure of 58,846,850 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Following the CLN conversion, the outstanding balance of the original issue is
Ismail Ghandour, CEO, commented, "These property sales yield a profit of nearly 35% on the prices originally paid in addition to the very substantial rents received over a long period. The cash from the sales enables a reduction in borrowing, which in turn strengthens the Company's position for future acquisitions and growth."
The Directors accept responsibility for this announcement.
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Notes to Editors
Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the
Ace is run by a Board with extensive property experience, an excellent network of contacts and relevant professional qualifications. This sector expertise has allowed the Board to identify opportunities and act promptly to secure investments.
For more information on the Company please visit www.acelibertyandstone.com